The recent surge in ETH has left those retail investors who always think about shorting in a terrible position. After a significant drop, everyone has developed a conditioned reflex — even a slight increase makes them think it's time to short, but what happened? Last week saw new highs every day, and short positions were caught off guard, probably leaving them confused while watching the market.
Where does the momentum come from? Institutions are pushing it hard from behind; when money is poured in, prices shoot up like a rocket. At this point, insisting on shorting is just going against the market. To be honest, trading should follow the trend, don’t go against the market. What’s the key? Use stop-loss! Those who don’t use stop-loss will either watch opportunities slip away or lose everything. Emotional trading is a big taboo; staying calm is essential for gradually making money.
Looking at the hourly chart, it's currently consolidating at a high position. Yesterday it formed a rounded bottom in the range and then bounced back up, with prices hovering around the middle band. My view hasn’t changed; I still see bullish trends.
Personal thoughts: around 3737 is a good buy point, aiming for 3837, with a stop-loss set at 45 points. Don’t mess around; following the rhythm is much better than anything else.
#ETH $ETH #以太坊突破3700
Where does the momentum come from? Institutions are pushing it hard from behind; when money is poured in, prices shoot up like a rocket. At this point, insisting on shorting is just going against the market. To be honest, trading should follow the trend, don’t go against the market. What’s the key? Use stop-loss! Those who don’t use stop-loss will either watch opportunities slip away or lose everything. Emotional trading is a big taboo; staying calm is essential for gradually making money.
Looking at the hourly chart, it's currently consolidating at a high position. Yesterday it formed a rounded bottom in the range and then bounced back up, with prices hovering around the middle band. My view hasn’t changed; I still see bullish trends.
Personal thoughts: around 3737 is a good buy point, aiming for 3837, with a stop-loss set at 45 points. Don’t mess around; following the rhythm is much better than anything else.
#ETH $ETH #以太坊突破3700
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ETH
3,748.81
-0.00%
